Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Statement of Policy Regarding Prohibition on Abusive Acts or Practices".
Sponsored By: Representative Garcia, Sylvia R. [D-TX-29]
Introduced
Summary
Preserve the CFPB's prohibition on abusive acts or practices. This joint resolution would disapprove the Bureau of Consumer Financial Protection rule that withdraws the CFPB's "Statement of Policy Regarding Prohibition on Abusive Acts or Practices," nullifying that withdrawal and keeping the existing policy in place.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Keeps federal consumer protections in place
If enacted, this resolution would disapprove the CFPB rule that withdraws the Bureau's policy on abusive acts or practices. The disapproval targets the rule published at 90 Fed. Reg. 20084 (May 12, 2025). It would make that withdrawal have no force or effect. Households that use banks, loans, or credit would keep the CFPB's existing policy that helps enforce consumer protections.
Sponsors & CoSponsors
Sponsor
Garcia, Sylvia R. [D-TX-29]
TX • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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